Compagnie des Minquiers Announcement

Compagnie des Minquiers announces the conclusion of an agreement with the
              shareholders of MPF to acquire control over Cofigeo.

Compagnie  des Minquiers SAS, a company constituting part of Boussard & Gavaudan
Holding  Limited with certain directors from the Cofigeo group (namely Mr Jérôme
Foucault and Mr Mathieu Thomazeau), announces that an agreement was finalised on
18 February 2011 with the shareholders of MPF.

This  agreement concerns  the acquisition  of 100% of  the shares of the company
MPF,  a  holding  company,  holding  26,523 shares  in Cofigeo negotiated on the
regulated   market   NYSE   Euronext  in  Paris  (Compartiment  C  -  Code  ISIN
FR0000035008)  representing  approximately  36% of  capital  and  49% of  voting
rights.   Mr  Jérôme  Foucault  will  reinvest  the  proceeds  of  the sale into
Compagnie des Minquiers.

As a consequence indirectly the price of each share of Cofigeo will be 530 euros
(dividend of the 2010 financial year attached).

The acquisition will be definitively realised on 3 March 2011.

Consequently  and in compliance  with article 234-2 of  the Règlement général de
l'Autorité  des marchés financiers,  Compagnie des Minquiers  will soon launch a
takeover via MPF on all the shares of Cofigeo in circulation.

At  the same time Compagnie des Minquiers agreed with some of the members of the
Foucault  family,  direct  shareholders  of  Cofigeo, that they would contribute
about 25% of the capital of Cofigeo to the takeover.

It  is anticipated that the  takeover will be launched  during the first half of
2011.

Shares in Cofigeo will be open to trading on 22 February 2011.

Paris, 21 February 2011





Compagnie des Minquiers Announcement: 


http://hugin.info/139558/R/1491284/426919.pdf




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Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (GBP) via Thomson Reuters ONE

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